FirmAtlas

Company handbook · GNRC · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16

GNRC · CIK 1474735 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026

GENERAC HOLDINGS INC.

$192.68 −5.72 (−2.88%)

Close, Oct 16, 2026 · 52-week $135–296

↗ generac.com

Last fiscal year

GENERAC HOLDINGS INC. reported revenue of $4.2B for the year ended Dec 31, 2025 (FY25), down 2.0% from FY24. Net income was $160M, operating cash flow $438M and free cash flow $268M. Source: 10-K filed Feb 18, 2026.

Market cap

$11.4B

P/E

44.2

EV/EBITDA

25.5x

P/B

4.0

ROIC

6.6%

Revenue 1Y

−2.0%/yr

EPS 1Y

−50.1%/yr

Shares 1Y

−2%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOAaron P Jagdfeld

HQWaukesha, WI

AuditorDeloitte & Touche LLP

Employees9,400

Year endsDecember

Revenue by segment · FY25

Domestic82%

International18%

Compounded growth & averages

10Y

TTM

Share price

18.3%

−15.7%

24.3%

0.0%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$643M deployed

Capex $307M 47.7%

Acquisitions $36M 5.5%

Buybacks $301M 46.7%

Operating cash flow over the period: $1.2B. Total debt changed by +$4M. R&D of $463M is already inside operating costs.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Sep 16, 2026 Material agreement 8-K Jul 29, 2026 Quarterly results 8-K Jun 12, 2026 Shareholder vote results 8-K Apr 29, 2026 Quarterly results 8-K Mar 25, 2026 Executive or director change 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

4,296

4,209−2.0%

4,439

YoY

−2.0%

Gross profit

1,666

1,612−3.2%

1,755

Gross margin

38.8%

38.3%−0.5 pp

—

Operating income

537

289−46.1%

421

Operating margin

12.5%

6.9%−5.6 pp

—

EBITDA

709

484−31.7%

—

EBITDA margin

16.5%

11.5%−5.0 pp

—

Interest expense

71−21.2%

—

Interest coverage

7.90x

6.85x−1.05x

—

Net income

316

160−49.6%

258

YoY

−49.6%

Net margin

7.4%

3.8%−3.6 pp

—

EPS (diluted, $)

5.39

2.69−50.1%

4.35

YoY

−50.1%

Balance sheet

FY24 FY25

TTM

Total assets

5,109

5,574+9.1%

5,772

Cash & short-term investments

281

341+21.4%

—

Accounts receivable

612

603−1.5%

—

Inventory

1,032

1,249+21.1%

—

Net PP&E

690

814+17.9%

—

Other assets

2,494

2,567+2.9%

—

Total liabilities

2,615

2,941+12.5%

2,895

Accounts payable

459

437−4.8%

—

Total debt

1,278

1,282+0.3%

1,281

Other liabilities

878

1,222+39.2%

—

Shareholders’ equity

2,494

2,632+5.5%

2,878

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

741

438−40.9%

548

Net income

317

161−49.1%

—

Depreciation & amortization

172

195+13.4%

—

Stock-based compensation

50+1.4%

—

Working capital & other

203

32−84.3%

—

Cash from investing

(209)

(173)n/m

—

Capex

(137)

(170)n/m

—

PP&E sold

0.2

3+1358.8%

—

Acquisitions

(35)

(0.8)n/m

—

Other investing

(37)

(5)n/m

—

Cash from financing

(449)

(213)n/m

—

Debt raised

541

133−75.5%

—

Debt repaid

(795)

(169)n/m

—

Dividends

(0.3)

(0.3)n/m

—

Buybacks

(153)

(148)n/m

—

Shares issued

5−82.4%

—

Other financing

(70)

(34)n/m

—

Net change in cash

60−25.1%

—

Free cash flow (OCF − capex)

605

268−55.6%

379

Where the cash went

FY24 FY25

TTM

Operating cash flow

741

438−40.9%

548

Reinvested in the business

171

171−0.5%

—

% of operating cash flow

23.1%

39.0%

Capex

137

170+24.2%

169

Acquisitions

0.8−97.8%

—

R&D (memo, already in costs)

220

243+10.9%

—

Free cash flow

605

268−55.6%

379

YoY

−55.6%

Returned to shareholders

153

148−3.1%

—

% of free cash flow

25.3%

55.3%

Dividends

0.3

0.3+7.3%

—

Buybacks

153

148−3.2%

—

Change in total debt

—

Cash left over

—

123

—

FCF conversion (FCF ÷ net income)

191.1%

168.0%−23.1 pp

—

Owner earnings

—

(45)

—

Owner earnings margin

—

−1.1%

—

Returns & ratios

FY24 FY25

TTM

ROIC (all capital)

11.9%

6.6%−5.3 pp

—

ROIC (operating)

22.2%

11.4%−10.7 pp

—

Net debt / EBITDA

1.41x

1.94x+0.54x

—

Debt / equity

0.51x

0.49x−0.03x

—

Cash conversion cycle (days)

132

166+35 d

—

ROE

12.7%

6.1%−6.6 pp

—

ROA

6.2%

2.9%−3.3 pp

—

ROCE

13.2%

6.6%−6.5 pp

—

NOPAT

416

234−43.6%

—

Invested capital (operating)

1,875

2,229+18.9%

—

Invested capital (all)

3,491

3,573+2.4%

—

Reinvestment rate

—

150.8%

—

Debtor days

52+0 d

—

Inventory days

143

175+32 d

—

Days payable

61−2 d

—

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

1,114

1,092

1,059

1,174

vs year-ago quarter

Gross profit

427

396

410

522

Gross margin

38.3%

36.3%

38.7%

44.5%

Operating income

103

(9)

117

210

Net income

(24)

143

vs year-ago quarter

Net margin

5.9%

−2.2%

6.9%

12.2%

EPS (diluted, $)

1.12

−0.41

1.24

2.40

vs year-ago quarter

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

5,598

5,574

5,593

5,772

Cash & equivalents

300

341

266

265

Total debt

1,374

1,282

1,280

1,281

Shareholders’ equity

2,644

2,632

2,675

2,878

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

118

189

119

121

Capex

Free cash flow

130

vs year-ago quarter